| INCOME PROPERTY FOR SALE: 10 UNITS |
| STATUS: |
Sold - March, 1999 |
| ADDRESS: |
9300-9316 Bancroft Avenue, Oakland, CA 94603
Cross Street: 92nd Ave. Map Code: 670J4 |
| DESCRIPTION: |
Two modern 6-plexes, one with 2br/1ba units renting at $650 and the other with 1br/1ba units renting at $475.
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| MOTIVATION: |
Seller had retired out of the area and traded closer to home. |
| PRICE: |
$325,000 |
| TERMS: |
15% down, new 75% loan with Tamalpais Bank. Seller carried $32,500 for 5 years at 8%. |
VALUE
INDICATORS: |
GRM: 5.0
Cap Rate: 11.5
Price per unit: $32,500 |
| ![[photo of property]](../../ListGifs/oak_08b.jpg) Click photo for enlargement.
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For a complete statement on this property please call or email your request, indicating whether you would like the package sent by mail or fax.
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